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346 Avenue U

Lee Cohen Of RedHoek Sells Brooklyn Condo For $7.5M With Broker Jenny Braha Mizrahi
SOLDCondo

Lee Cohen Of RedHoek Sells Brooklyn Condo For $7.5M With Broker Jenny Braha Mizrahi

346 Avenue U

$7,500,000

$2,773/SF

Building Size

2,704 SF

Asset Type

Condo

Closing

Oct 27, 2024

AI

The property involved in this transaction is a condo located at 346 Avenue U Unit in Brooklyn. The asset was sold for a total of $7,500,000. It encompasses a total area of 2,704 square feet, resulting in a price per square foot of $2,773.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,500,000
  • Square Footage: 2,704 SF
  • Price Per Square Foot: $2,773
  • Seller: Lee Cohen - RedHoek - Opal Residences
  • Broker: Jenny Braha Mizrahi - JBM
  • Date of Transaction: 10/27/2024

Lee Cohen represented by RedHoek and Opal Residences completed the sale while Jenny Braha Mizrahi from JBM acted as the broker for the transaction. This partnership facilitated the closing of this property deal in the specified timeframe.

Players

Jenny Braha Mizrahi

JBM

Broker

$37.4M

vol

6 deals

Broker

Brooklyn Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93